Financial Development and Growth in Resource-Rich Countries The following sections are included:IntroductionNatural Resources and GrowthResource Dependence and AbundanceModel and DataResultsRole of InstitutionsConclusionsList of countries included in the sampleData sources and definitions of vari... K Demachi...
We examine Rajan and Zingales (1998)'s and Fisman and Love (2003)'s analysis of the relationship between technological external finance dependency, growth opportunities, and industrial growth, and use a modification of their approach to examine Korea's industrial growth. Using domestic industry/year...
One of rationale for the causality between financial development and economic growth is that:the financial development can help enterprises to reduce the costs of external financing by facilitating information disclosure, accounting management and corporate governance.This rationale is supported by the empiri...
Financial Development and Economic Growth of Developed versus Asian Developing Countries: A Pooling Time-Series and Cross-Country Analysis, Review of Pacific Basin Financial Markets and Policies, vol. 2, no.1, p. 57-81.Tsai SL, Wu CC (1999) Financial development and economic growth of ...
growth;when the level of financial development is low,the income inequality will reduce the rate of growth;when the level of financial development is high,the income inequality will raise the rate of growth;(3)the threshold value on which financial development changes the relationship between ...
The study considers a number of measures of financial development that are: private credit to GDP, M2/GDP, the ratio of commercial bank assets to the total of commercial bank assets and central bank assets. We also take growth rate of real GDP as dependent variable and few core control ...
出版年:1996-12 页数:380 定价:$ 169.50 ISBN:9780415133920 豆瓣评分 目前无人评价 评价: 写笔记 写书评 加入购书单 分享到 内容简介· ··· This collection brings together a collection of theoretical and empirical findings on aspects of financial development and economic growth in developing countries...
Financial Development, Growth, and the Distribution of Income Author(s): Jeremy Greenwood and Boyan Jovanovic Source: The Journal of Political Economy, Vol. 98, No. 5, Part 1 (Oct., 1990), pp. 1076-1107 Published by: The University of Chicago Press Stable URL: /stable/2937625 Accessed: ...
there is evidence of bi-directional causality running from financial development to growth and vice versa in samples of Europe and Central Asia, South Asia, and all countries, but not in East Asia and the Pacific, Latin America and the Caribbean, Middle East and North Africa, and Sub-Saharan...
Section 2 discusses the analytical framework of how financial development and economic growth are related. The role of financial repression is important in this relationship. Model, data and econometric methodology are described in Section 3. This section also explains the construction of the two ...